EghtesadOnline: Iran traded 7.17 million tons of non-oil commodities worth $3.18 billion with India during the first eight months of the current fiscal year (March 21-Nov. 21) to register a 7.82% and 5.34% decline in tonnage and value respectively year-on-year, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran’s exports to India stood at 6.02 million tons worth $1.57 billion, down 6.92% and 10.78% in tonnage and value respectively YOY. India was Iran’s fifth major export destination during the eight months.
Iran mainly exported urea, methanol, ammonia, liquefied propane and bitumen to India during the period.
India exported 1.14 million tons of goods worth $1.61 billion to Iran during the same period, down 12.26% in tonnage and up 0.61% in value YOY. India was the fourth major exporter of goods to Iran, according to Financial Tribune.
The imports mainly included semi-milled rice, tea, graphite electrodes used in furnaces and paperboard.